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The Options Available to Taxpayers to Solve IRS Problems-Payment in Full
By Larry Weinstein, CPA | December 3, 2007
If you owe money to the IRS, you have many options legally available to you,
to help you solve your tax problems. This is the first installment in the series.
Full Payment
The first option is the simplest and most straight-forward. You can simply
pay off the outstanding tax balance. This assumes you have the resources to
do so. You could either pay from current funds on hand or from borrowed funds.
Once your account is paid in full, all collection activity will cease. Any outstanding liens and levies will be automatically removed.
Unfortunately, not everyone can afford to make full payment. If you were able to make full payment to the IRS, you probably wouldn’t have a tax problem .
Topics: Payment in Full |